The Reserve Bank's outgoing Governor says New Zealand's economy may be doing better than we realise.
The central bank has cut the OCR 25 basis points today - to 2.25 percent.
Christian Hawkesby says the economy already appears to be recovering from this year's downturn.
He says what's unclear - is its pace.
"The recovery could be faster and stronger than we expect, because we have cut interest rates a long way and it could really start coming through quite quickly."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Heather du Plessis-Allan Drive